 | Determinants of Currency Composition of Reserves: a Portfolio Theory Approach with an Application to RMB Author/Editor: Yinqiu Lu, Yilin Wang. Release Date:March, 2019 The way central banks manage their foreign reserve assets has evolved over the past decades. One major trend is managing reserves in two or more tranches—liquidity tranche and investment more...
| Price: $18.00
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| Instruments, Investor Base, and Recent Developments in the Malaysian Government Bond Market Author/Editor: Yinqiu Lu, Dmitry Yakovlev. Release Date:April, 2018 Foreign holdings of Malaysian local currency (LCY) government bonds have increased since the global financial crisis. By exploring the micro-level bank by bank and fund by fund data, we are able to more...
| Price: $18.00
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| Exploring the Role of Foreign Investors in Russia's Local Currency Government Bond (OFZ) Market Author/Editor: Yinqiu Lu, Dmitry Yakovlev. Release Date:February, 2017 Local currency government bonds (OFZ bonds) are an important fixed-income instrument in Russia’s financial markets. In this paper, based on granular data, we explore the development of the OFZ bond more...
| Price: $18.00
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| Does Balance Sheet Strength Drive the Investment Cycle? Evidence from Pre- and Post-Crisis Cyprus Author/Editor: Sophia Chen, Yinqiu Lu. Release Date:December, 2016 Fixed investment was the most important contributing factor to the boom-bust cycle in Cyprus over the last decade. Investment boomed during a credit boom in mid-2000s, during which the corporate more...
| Price: $18.00
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| Does Supply or Demand Drive the Credit Cycle? Evidence from Central, Eastern, and Southeastern Europe Author/Editor: Greetje Everaert, Natasha X Che, Nan Geng, Bertrand Gruss, Gregorio Impavido, Yinqiu Lu, Christian Saborowski, Jérôme Vandenbussche, Li Zeng. Release Date:January, 2015 Countries in Central, Eastern, and Southeastern Europe (CESEE) experienced a credit boom-bust cycle in the last decade. This paper analyzes the roles of demand and supply factors in explaining this more...
| Price: $18.00
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| Emerging Market Local Currency Bond Yields and Foreign Holdings in the Post-Lehman Period - a Fortune or Misfortune? Author/Editor: Christian Ebeke, Yinqiu Lu. Release Date:February, 2014 The paper shows that foreign holdings of local currency government bonds in emergingmarket countries (EMs) have reduced bond yields but have somewhat increased yieldvolatility in the post-Lehman more...
| Price: $18.00
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| A Financial Conditions Index for Poland Author/Editor: Giang Ho, Yinqiu Lu. Release Date:December, 2013 This paper constructs a financial conditions index for Poland to explore the link between financial conditions and real economic activity. The index in constructed by applying two complementary more...
| Price: $18.00
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| Local Government Financing Platforms in China : A Fortune or Misfortune? Author/Editor: Yinqiu Lu, Tao Sun. Release Date:December, 2013 China’s rapid credit expansion in 2009–10 brought local government financing platforms (LGFPs) into the spotlight. This paper discusses their function, reasons behind their recent expansion, and more...
| Price: $18.00
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| Sovereign Risk and Asset and Liability Management: Conceptual Issues : Conceptual Issues Release Date:October, 2012 Country practices towards managing financial risks on a sovereign balance sheet continue to evolve. Each crisis period, and its legacy on sovereign balance sheets, reaffirms the need for more...
| Price: $20.00
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 | What Drives the POLONIA Spread in Poland? Author/Editor: Yinqiu Lu. Release Date:August, 2012 Since the start of the 2008 - 09 financial crisis, the Polish Overnight Index Average (POLONIA) has persistently been below the policy rate, suggesting a limited influence of the NBP’s open more...
| Price: $18.00
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